| Metric | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| EarningsRevenue | $2.25M | $2.70M | $3.37M | $5.51M | $3.58M +59.1% | $5.62M +108.5% | $6.26M +85.9% | $6.14M +11.3% | Strengthening |
| Operating Profit | -$37.88M | -$34.24M | -$30.42M | -$34.92M | -$33.16M +12.4% | -$29.09M +15.0% | -$35.14M -15.5% | -$34.56M +1.0% | Stable |
| Net Profit | -$37.40M | -$36.15M | -$34.87M | -$192.74M | $107.50M | -$25.31M +30.0% | -$34.98M -0.3% | -$79.62M +58.7% | Strengthening |
| EPS | $-0.70 | — | $-0.64 | $-3.49 | $1.86 | — | $-0.56 +12.5% | $-1.23 +64.8% | Strengthening |
| Other Income | — | — | — | — | — | — | — | — | — |
| Interest | — | — | $0 | $0 | — | — | $1.18M | $1.20M | — |
| Depreciation | — | — | — | — | — | — | — | — | — |
| Profit before Tax | -$37.37M | -$36.12M | -$34.81M | -$192.67M | $107.56M | -$25.20M +30.2% | -$34.95M -0.4% | -$79.57M +58.7% | Strengthening |
| MarginsOPM | -1683.4% | -1270.0% | -903.1% | -633.7% | -926.5% +45.0% | -517.6% +59.2% | -561.1% +37.9% | -563.2% +11.1% | Strengthening |
| Tax | -0.1% | -0.1% | -0.2% | -0.0% | 0.1% | -0.5% -557.1% | -0.1% +43.8% | -0.1% -75.0% | Weakening |
| ReturnsROIC | 3.7% | 3.6% | 3.5% | 19.1% | -10.7% -387.5% | 2.5% -30.0% | 3.5% +0.3% | 7.9% -58.7% | Weakening |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|
| AssetsCash & Equivalents | $46.64M | $24.62M | $66.81M | $67.42M | $38.55M | $28.86M | $72.29M | $43.23M |
| Short-Term Investments | — | $0 | $378.20M | $256.39M | $182.48M | $83.14M | $49.61M | $134.65M |
| Total Current Assets | $25 | $30.95M | $458.48M | $335.12M | $229.22M | $123.30M | $153.53M | $203.70M |
| Net PP&E | — | $1.61M | $15.42M | $17.12M | $19.40M | $14.16M | $18.32M | $17.28M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangibles | — | $0 | $4.42M | $3.52M | $2.63M | $1.73M | $825.0K | $375.0K |
| Total Assets | $106.9K | $32.63M | $479.19M | $356.63M | $257.38M | $147.49M | $179.70M | $227.79M |
| LiabilitiesTotal Current Liabilities | $81.8K | $5.67M | $14.30M | $21.83M | $18.40M | $39.16M | $35.87M | $25.96M |
| Short-Term Debt | — | — | — | — | — | — | — | — |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Long-Term Leases | — | — | $7.46M | $4.79M | $3.77M | $720.0K | $4.21M | $3.44M |
| Total Liabilities | $81.8K | $5.72M | $22.81M | $26.71M | $28.94M | $48.14M | $166.49M | $200.26M |
| EquityCommon Stock & APIC | $634 | $15.0K | $21.0K | $22.0K | $5.0K | $6.0K | $6.0K | $7.0K |
| Retained Earnings | -$1.0K | -$61.08M | -$162.96M | -$310.27M | -$459.60M | -$611.86M | -$757.29M | -$871.89M |
| Total Equity | $48.60M | $26.91M | $456.38M | $329.93M | $228.44M | $99.35M | $13.21M | $27.53M |
| HighlightsNet Cash / (Debt) | — | — | — | — | — | — | — | — |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | TTM |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | -$16.38M | -$21.23M | -$82.11M | -$109.91M | -$118.83M | -$106.91M | -$115.08M | -$111.48M |
| Cash from Investing | -$421.0K | -$855.0K | -$388.57M | $110.89M | $69.28M | $97.90M | $29.93M | -$110.55M |
| Cash from Financing | $35.99M | $73.0K | $512.86M | -$369.0K | $20.68M | -$671.0K | $128.58M | $243.51M |
| SummaryCapital Expenditure | -$421.0K | -$855.0K | -$3.85M | -$7.44M | -$6.10M | -$5.11M | -$4.61M | -$5.19M |
| Free Cash Flow | -$16.80M | -$22.09M | -$85.95M | -$117.35M | -$124.93M | -$112.02M | -$119.69M | -$116.67M |
| FCF Margin | -1214.2% | -456.0% | -927.7% | -2799.4% | -2897.3% | -1235.7% | -662.0% | -540.2% |